INDIAN EQUITY MARKET STRATEGY-09 JULY 2014

INDIAN BENCHMARK have erased early gains and are trading lower weighed down by financials, capital goods and auto shares. The Economic Survey will be released today by the Finance Ministry at 12 pm.

FURTHER, IDFC fell 0.51% after the company reduced the foreign investors investment limit by 0.75% to 51.50%. Shares of Reliance Infrastructure Ltd was down 2% on reports that Telangana government entity has approved a restructuring plan by consultancy firm EY for a project that includes a 100-storey trade tower in Hyderabad.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 399cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS

·        Axis, Union Bank among 5 new entrants to UK banking space

Two banks from India Axis Bank and Union Bank are among the five new entities authorized to do banking business in the UK during the last fiscal, as per latest statistics released by the British regulators.

·        ONGC drops on buzz government may offload 5-10% stake

ONGC lost 4.11% on reports the government is planning to sell a 5 to 10% stake in state-run oil & gas exploration firm.

                                                                                                        

·        Cairn India drops along with crude oil price

Cairn India lost 1.89% as oil prices traded lower on reports that the militant insurgency hasn't spread to Iraq's south, the source of more than three-quarters of its oil output.

·        Siemens bags order worth Rs 52 crore from NTPC

Siemens has bagged an order worth Rs 52 crore from NTPC for supply of Distributed Control System to their power plant in Bihar.

INDIAN EQUITY MARKET STRATEGY-08 JULY 2014

INDIAN BENCHMARK open in the positive terrain as investors are expecting fundamental reforms and technical up gradation of the railways in the Railway Budget, which is due later during the day.

FURTHER, Dena Bank has sought Rs. 1,200 crore capital infusion from government in the current fiscal. Shares of railway related companies are in focus and trading higher by up to 4% in early morning deals ahead of Railway Budget today.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 85cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET STRETAGY-07 JULY 2014

INDIAN BENCHMARK have started the trading session on a firm note with the Indices hitting lifetime high. The first Budget session of the 16th Lok Sabha begins today.

FURTHER, Tata Power has decided to sell its 5% stake in PT Kaltim Prima Coal for about $ 250 million to reduce its debt, less than six months after offloading its holding in another Indonesian coal company named PT Arutmin. Adani Ports has formed an equal joint venture with French shipping company CMA CGM to build a container terminal at Mundra in Gujarat.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 853cr, as per the provisional figures released by the NSE.

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